Almonty Industries partners with the Government of Rwanda in new tungsten venture
Almonty Industries has entered into a binding agreement with the Government of Rwanda to establish Almonty Rwanda, a joint venture focused on collecting and exporting tungsten ore. Under the partnership, Rwanda will hold a 25% stake by contributing an exploration concession and mineral processing licence, while Almonty retains control with a 75% interest. The initiative aims to leverage existing production from small-scale mining operations in Rwanda using mobile processing units until a permanent plant is built. The collaboration aligns with broader U.S.-Rwanda economic agreements such as the 2025 Framework for Shared Economic Prosperity and Washington Accords, which support investments in critical minerals. Almonty CEO Lewis Black emphasized that this partnership will enhance traceability of tungsten supply chains ahead of new U.S. defense procurement regulations set to take effect in 2027. This move is part of a larger strategy by Almonty Industries, which has similar mining projects supported by government agencies in South Korea and Germany.
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Topics: critical minerals mining partnership Rwanda tungsten